How much influence do the BRICS wield on the world stage? | Business and Economy


From: Inside Story

China warns towards increasing navy alliances and weaponising financial sanctions.

The world’s high 5 rising economies – Brazil, Russia, India, China and South Africa, often known as BRICS – are holding their annual summit nearly for the third time this yr because of the pandemic.

The assembly is happening towards a posh geopolitical backdrop, from the struggle in Ukraine and commerce disputes between China and the US, to a world financial system attempting to recuperate from the fallout of COVID-19.

Chinese language President Xi Jinping – who’s internet hosting this yr’s summit – has criticised the West’s dealing with of the Ukraine disaster and known as for co-ordination to forestall disruptions to the worldwide financial restoration.

However what function can the BRICS play?

Presenter: Hashem Ahelbarra

Friends

Einar Tangen – Senior fellow on the Taihe Institute

Sanusha Naidu – Senior analysis fellow on the Institute for World Dialogue, a South African suppose tank specializing in China and Africa

Nancy Snow – Visiting distinguished professor at Tsinghua College’s Schwarzman Students programme

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